Catalog
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| Issuer | Government of India |
|---|---|
| Year | 1962-1963 |
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| Currency | Rupee (decimalized, 1957-date) |
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| Obverse description | The Sarnath Lion Capital of Ashoka, the national emblem of India, is depicted centrally in the field, showing three lions passant guardant mounted atop an abacus bearing a Dharma Chakra (wheel) flanked by a bull and a horse in relief. The legend 'भारत' in Devanagari script arcs along the left periphery, while 'INDIA' in Latin characters arcs along the right, together identifying the issuing nation on either side of the central device. |
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| Edge | Plain |
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| Additional information |
The "Naya Paisa" designation was introduced in 1957 when India decimalized its currency, replacing the old anna-based system with 100 naye paise to the rupee. The word "naya" — Hindi for "new" — was dropped from coins by 1964, making this two-year type a transitional issue caught between the reforming optimism of early independence and the more settled decimal coinage that followed.